NDLI: Robust bidding strategies and scheduling of a price-maker microgrid aggregator participating in a pool-based electricity market

Content Provider	IET Digital Library
Author	Khajeh, Hosna Foroud, Asghar Akbari Firoozi, Hooman
Abstract	This study presents a model for the activities of the price-maker microgrid aggregator (MGA). In this model, an MGA is considered to aggregate several microgrids (MGs) and be in charge of obtaining an optimal bidding strategy for MGs as well as scheduling their resources and demand. Two price-maker strategies (the marginal and non-marginal strategies for players) are proposed and the robust scheduling and optimal transactions of a price-taker MGA are also obtained in order to analyse different bidding behaviour of MGA. A robust optimisation is used in this model in order to capture uncertainties associated with renewable generation in the worst-case situation. Accordingly, the robust solution is obtained for the optimal scheduling of an MGA participating in the pool-based day-ahead electricity market. The proposed robust bidding strategies and scheduling of a price-maker MGA are obtained considering a hypothetical test system and the results are compared with the bidding strategy and robust scheduling of a price-taker MGA. The results show that the robust scheduling and also the market prices are completely changed for different strategies of the MGA. Also, using the proposed model for the price-maker MGA increases the profits of MGs.
Starting Page	468
Ending Page	477
Page Count	10
ISSN	17518687
Volume Number	13
e-ISSN	17518695
Issue Number	Issue 4, Feb (2019)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/13/4
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2018.5061
Journal	IET Generation, Transmission & Distribution
Publisher Date	2018-11-02
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Bidding Behaviour Distributed Power Generation Market Prices MGs Optimal Bidding Strategy Optimal Scheduling Optimal Transactions Optimisation Optimisation Technique Pool-based Day-ahead Electricity Market Pool-based Electricity Market Power Market Power System Economics Power System Managemen Power System Operation Price-maker MGA Price-maker Microgrid Aggregator Price-maker Strategy Price-taker MGA Pricing Profitability Robust Bidding Strategy Robust Optimisation Robust Scheduling Robust Solution
Content Type	Text
Resource Type	Article
Subject	Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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